Proptech startup Fretbox raises Rs.40 lakhs

Fretbox, a SaaS-based proptech startup for hostels, PGs, and housing communities, has received an investment of INR 40 lakhs from Persistent System's board members, an ex-CIO of Tata Motors, and Invasystems VP. Pune-based Fretbox offers a platform to housing societies that would help them manage society and community affairs. It tracks and alerts both security staff and residents on arrival of any stranger. The funding will be used to expand the firm's presence in Tier-II and Tier-III cities.